Targa Resources (TRGP) Stock Forecast & Price Target

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$114.07

-0.27 (-0.24%)

(As of 04/16/2024 ET)

Targa Resources Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Buy
Based on 13 Analyst Ratings

Analysts' Consensus Price Target

$117.92
3.37% Upside

High Forecast	$130.00
Average Forecast	$117.92
Low Forecast	$100.00

Type	Current Forecast 4/17/23 to 4/16/24	1 Month Ago 3/18/23 to 3/17/24	3 Months Ago 1/17/23 to 1/17/24	1 Year Ago 4/17/22 to 4/17/23
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	12 Buy rating(s)	10 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$117.92	$108.40	$105.09	$98.55
Predicted Upside	3.37% Upside	23.64% Upside	27.89% Upside	40.15% Upside

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TRGP Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TRGP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Targa Resources Stock vs. The Competition

Type	Targa Resources	Oils/Energy Companies	S&P 500
Consensus Rating Score	3.08	2.55	2.49
Consensus Rating	Buy	Moderate Buy	Hold
Predicted Upside	3.37% Upside	466.66% Upside	11.91% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
4/16/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$111.00 ➝ $130.00	+13.70%
4/15/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$112.00 ➝ $128.00	+11.03%
4/9/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$116.00 ➝ $122.00	+5.20%
4/4/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$105.00 ➝ $117.00	+1.33%
4/3/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$105.00 ➝ $130.00	+14.74%
3/20/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$105.00 ➝ $120.00	+10.01%
Get the Latest News and Ratings for TRGP and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Targa Resources and its competitors with MarketBeat's FREE daily newsletter.
3/6/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$122.00 ➝ $125.00	+21.92%
2/26/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$106.00 ➝ $109.00	+12.27%
2/21/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$104.00 ➝ $112.00	+14.67%
1/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$109.00 ➝ $108.00	+31.96%
8/29/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$106.00 ➝ $114.00	+33.66%
4/21/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy	$95.00 ➝ $100.00	+32.26%
4/20/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Suki Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:09 PM ET.

TRGP Price Target - Frequently Asked Questions

What is Targa Resources's consensus rating and price target?: According to the issued ratings of 13 analysts in the last year, the consensus rating for Targa Resources stock is Buy based on the current 12 buy ratings and 1 strong buy rating for TRGP. The average twelve-month price prediction for Targa Resources is $117.92 with a high price target of $130.00 and a low price target of $100.00. Learn more on TRGP's analyst rating history.
Do Wall Street analysts like Targa Resources more than its competitors?: Analysts like Targa Resources more than other Oils/Energy companies. The consensus rating for Targa Resources is Buy while the average consensus rating for oils/energy companies is Moderate Buy. Learn more on how TRGP compares to other companies.
Does Targa Resources's stock price have much upside?: According to analysts, Targa Resources's stock has a predicted upside of 15.66% based on their 12-month stock forecasts.

What analysts cover Targa Resources?: Targa Resources has been rated by Barclays, Citigroup, JPMorgan Chase & Co., Mizuho, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, The Goldman Sachs Group, Truist Financial, and UBS Group in the past 90 days.

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This page (NYSE:TRGP) was last updated on 4/16/2024 by MarketBeat.com Staff

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Targa Resources (TRGP) Stock Forecast & Price Target

Targa Resources Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

TRGP Analyst Ratings By Month

TRGP Price Targets by Month

Targa Resources Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

TRGP Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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